Sustainable Investing: Water – Are You Thirsty?
By Andrew Wetzel, CFA, Principal, Managing Director of Sustainable Investments Unfortunately, for many people the answer to the question in the title above is yes. This is also true for many companies, particularly those in semiconductor manufacturing and data centers, where water use is critical to operations. Although water appears abundant on Earth, readily available […]
Immigration, DOGE, and the Impact on the Economy
We remain optimistic about the economic (and therefore market) outlook for 2025, although we are closely watching a variety of indicators for signs of weakness. Some indicators, like credit spreads, CEO confidence, small business optimism, equity market breadth, and the labor market remain quite strong. Others, including uncertainty around administration policies like tariffs and immigration […]
Market Weighs Executive Orders and DeepSeek Surprise Against Growing US Economy
In January, we saw the inauguration of a new administration, which has wasted no time in imprinting its agenda onto the government. We view some of the announced actions as positive for corporate profit growth (and therefore markets), while others are negative. At the same time, the $27 trillion US economy and the $63 trillion […]
Social Security Fairness Act Update
By Laurie Faille, CFP®, CDFA®, Principal, Private Client Advisor Workers with reduced or eliminated Social Security payments will regain their benefits with a new law that passed just days before congress adjourned. The Social Security Fairness Act of 2023 cleared its final hurdles passing the Senate on December 27, 2024, and was signed into law […]
Economic Indicators Are High. Investment Valuations Are Higher.
By Ellen Hazen, CFA®, Chief Market Strategist What We Are Watching in January and in 2025: As we look to 2025, we see a continuation of many of the trends we observed in 2024. Economic indicators have generally remained strong, and we expect this to continue in 2025. Corporate profits are on track for another […]
Sustainable Investing: In the Trump 2.0 Era
By Andrew Wetzlel, CFA®, Managing Director of Sustainable Investing As we head into 2025 and a new administration in Washington, the levels of concern, and even fear, are elevated across the sustainability ecosystem. There is no doubt that the operating environment will change, and perhaps materially in certain areas. While some of this concern is […]
The More Things Change, the More They Stay the Same
By Ellen Hazen, CFA®, Chief Market Strategist November Takeaways: The US election early in the month resulted in a clear win. Investors had been jittery that a close election might be contested in the courts, increasing uncertainty. When the race was called early and decisively, markets rallied. The following day alone, the S&P 500 Index […]
The Cost of Pet Ownership
By Jessie Butler, CFP®, Principal, Private Client Advisor In January 2023 my family said goodbye to our 16-year-old puggle, Jack. That was one of the most difficult days our family has ever experienced together; I miss him every single day. Recently, our kids have been hounding us for another dog, but I am reluctant. I […]
Is Gold the New Gold?
By Ellen Hazen, CFA®, Chief Market Strategist October Takeaways: Economic surprises in October were uniformly positive. Starting with the shockingly strong September payrolls number (254,000 vs. expectations of 150,000), data consistently indicate a strong economy. The unemployment rate decreased from 4.2% to 4.1%. Monthly retail sales growth was expected to be 0.1% month-over-month and was […]
Sustainable Investing Spotlight: Corporate Decarbonization – Creating System Scale Through Bankability
By Andrew Wetzlel, CFA®, Managing Director of Sustainable Investing The tension is palpable. Are large tech companies and their cloud/AI spending compounding climate change, or are they part of the solution? Investors are increasingly asking this question. Picking up from our newsletter last quarter on powering GenAI, this quarter we are digging deeper into corporate […]